1. Compute earnings per share (EPS) for 2015 for Win's. Round to the nearest cent. 2. Compute...
Question:
1. Compute earnings per share (EPS) for 2015 for Win's. Round to the nearest cent.
2. Compute Win's Companies' price/ earnings ratio for 2015. The market price per share of Win's stock is $ 68.50.
3. What do these results mean when evaluating Win's Companies' profitability?
Win's Companies, a home improvement store chain, reported the following summarized figures:
Win's has 500,000 common shares outstanding during 2015.
Transcribed Image Text:
WIN'S COMPANIES Income Statement Years Ended May 31, 2015 and 2014 2015 2014 Net Sales Cost of Goods Sold Interest Expense All Other Expenses Net Income 50,200,000 43,800,000 28,400,000 29,300,000 140,000 8,400,000 s 15,500,000 5,960,000 500,000 5,800,000 WIN'S COMPANIES Balance Sheet May 31, 2015 and 2014 Assets 2015 2014 Liabilities 2015 2014 Cash Short-term Investments 28,000,000 Accounts Receivable 7400,000 5,300,000 Total Liabilities Merchandise Inventory 6,900,000 8,200,000 Stockholders' Equity Other Current Assets 10,000,000 Total Currentssets 54,300,000 25,200,000 Retained Eamings All Other Assets Total Assets 2,000,000 3900,000Total Current Liabilities 33,000,000 13,100,000 12,300,000 10,600,000 45,300,000 23,700,000 ,000,000 Long-term Liabilities 1,800,000 Common Stodk 11,000,000 ,000,000 32,000,000 16,500,000 43,000,000 27,500,000 $ 88,300,000 51,200,000 Total iabilities and Equity 88,300,000 S 51,200,000 34,000,000 26,000,000 Total Equity
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (6 reviews)
Requirement 1 Requirement 2 Requirement 3 Wins Companies price earnings ratio for 201...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Managerial Accounting questions
-
Round each monetary amount to the nearest cent or dollar as indicated. 1. $14,769.52, to the nearest dollar 2. $0.7633, to the nearest cent
-
Round to the nearest tenth, if necessary. 1. What percent of 110,736 is 88,542?
-
Seven years ago, after 15 years in public accounting, Stanley Booker, CPA, resigned his position as manager of cost systems for Davis, Cohen, and OBrien Public Accountants and started Track Software,...
-
Research is a process of discovering new knowledge. In the Code of Federal Regulations (45 CFR 46.102(d)) pertaining to the protection ofhuman subjects,research is defined as:...
-
Arrange the members of each of the following pairs in order of increasing radius and explain the order: a. Te, Te2 b. Al, Al3+
-
Discuss the methods by which the SEC can influence the development of generally accepted accounting principles in the United States.
-
Graph the expectation function for the logistic growth model (12.34) for \(\theta_{1}=10, \theta_{2}=2\), and values of \(\theta_{3}=0.25,1,2,3\), respectively. Overlay these plots on the same set of...
-
Alfonso Sheen recently opened his own accounting firm, which he operates as a corporation. The name of the new entity is Alfonso Sheen, CPA. Sheen experienced the following events during the...
-
8.4 Static Equilibrium -3L/4- L/4- F -Axis of rotation y mg F2 56. Calculate If the two parents in Figure 8.19 exert upward forces of 18 N on the left end of the plank and 71 N on the right end, how...
-
So the project involves more than simply performing maintenance work on the current programs, Chip says. Are we using a formal methodology for analyzing and designing the new system? Yes, replies...
-
1. Compute the profit margin ratio for Win's Companies for 2015. 2. Compute the rate of return on total assets for 2015. 3. Compute the asset turnover ratio for 2015. 4. Compute the rate of return on...
-
A skeleton of Landmark Mills income statement appears as follows ( amounts in thousands): Use the following ratio data to complete Landmark Mills income statement: 1. Inventory turnover was 3.50...
-
What quantity (length, mass, volume, time) is expressed by the following units? (a) Centimeter (b) Gram (c) Milliliter (d) Second.
-
How do the media options available to advertisers vary in different parts of the world? What can advertisers do to cope with media limitations in certain countries?
-
Explain direct marketings advantages and identify the most common types of direct marketing channels.
-
Identify and compare the basic structure options for consumer channels and industrial channels.
-
Which criteria should global marketers consider when making product design decisions?
-
Summarize the various Incoterms that affect the final price of a product.
-
Laura, whose mass is 35 kg, jumps horizontally off a 55 kg canoe at 1.5 m/s relative to the canoe. What is the canoe's speed just after she jumps?
-
The ultimate goal of Google, Bing, and other consumer search engines is to provide users with search listings that contain useful information on the topic of their search. What recommendations would...
-
Recall the discussion around Fig. 3.2. Though the model was introduced to describe magnetic phase transitions, it has been used much more widely. Applications include, for example, gas theory,...
-
Steller Systems completed the following stock issuance transactions: May 19 Issued 1,700 shares of $3 par value common stock for cash of $10.50 per share. Jun. 3 Issued 300 shares of $9, no-par...
-
Steller Systems completed the following stock issuance transactions: May 19 Issued 1,700 shares of $3 par value common stock for cash of $10.50 per share. Jun. 3 Issued 300 shares of $9, no-par...
-
Steller Systems completed the following stock issuance transactions: May 19 Issued 1,700 shares of $3 par value common stock for cash of $10.50 per share. Jun. 3 Issued 300 shares of $9, no-par...
-
Discuss the key features of the following associated with the financial service industry: Financial products and services of the organisation Financial agency agreements Financial industry codes of...
-
You are building an apartment complex with 80 three-bedroom units near the downtown office district. The designers estimate that there will be on average 3.5 occupants in each apartment. A. Calculate...
-
The field team sends an update to the project manager letting him know that there were 12 employees at the project site, there were no accidents this week and no issues to report, and that the team...
Study smarter with the SolutionInn App